Tether (USDT), the largest stablecoin by volume has overtaken Litecoin (LTC) to become the seventh in cryptocurrency rankings by market capitalization.

Litecoin is often described as the silver to Bitcoin’s gold and has generally tracked the trend of BTC price, but has recently seen a steady fall, currently trading around $30.

Tether has had its share of controversy during 2018 as well, with competitor stablecoins beginning to chip away at its market dominance.

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